Ryan Morrison
on February 5th, 2026 The spotlight falls squarely on Threadneedle Street at midday. Most expect rates to stay at 3.75%, with external MPC members Alan Taylor and Swati Dhingra likely to push for a cut. The accompanying Monetary Policy Report will update the Bank’s inflation forecasts – any hint that price pressures are easing faster than expected could shift expectations for cuts later in the year.
GBP/USD: the past year
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